Israeli Real Estate & Gazit-Globe

Posted by Ron / on 07/01/2013 / 0 Comments

The largest real estate investment company in Israel, Gazit-Globe announced today that they had successfully raised $237 million in a public offering of bonds. They are rated "AA-" with a stable outlook by Standard & Poor's Maalot and "Aa3″ with a stable outlook by Midroog, the Israeli subsidiary of Moody's Investors Service.

"Real estate in Israel continues to boom throughout the country. From the North to the South, from Tiberias to Jerusalem to Tel Aviv, both Israeli investors as well as international investors are clamoring to buy and invest in Israel. It is really a special time for Israeli real estate to continue to thrive and grow," said Ron Hershco of Hershco Properties.

Gazit-Globe operates in the United States through Equity One and in Canada through First Capital Reality Inc.




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